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HSBC to close New Zealand wealth and personal banking business

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(Reuters) – HSBC has decided to wind-down its wealth and personal banking business in New Zealand, the bank website showed on Tuesday.

The move comes after the London-listed bank last year said it was reviewing its retail banking business in New Zealand with a view to selling it.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Dhanya Ann Thoppil)

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